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$700bn US bailout signed
- United Arab Emirates: Saturday, October 04 - 2008 at 10:46
The United States Congress has approved the $700bn US government bailout of the battered financial industry and sent it to President George W. Bush who quickly signed it, AP has reported. This meant the bill would grant the Treasury Department $700bn to purchase bad mortage-related securities.
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Medilyn Manibo, Assistant News EditorSaturday, October 04 - 2008 at 10:46 UAE local time (GMT+4)
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